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Romanian license numbers up
According to a note from Eastern European Gaming, since a new Romanian gambling law went into effect recently, the country has seen an influx of companies willing to comply with the new regulations, even if it ...
Economy/Finance
Playtech revenues soar; First half profit up 11%
Playtech Plc, a developer and provider of online and offline gaming software and content, announced a revenue increase of €286 million ($321.4 million) up by 33 percent for the first half of 2015 to June 30 com...
Macau gaming revenue down 35.5%; Austerity measures implemented
Macau witnessed a 35.5% y-o-y gross gaming revenue (GGR) fall to MOP18.62 billion ($2.33 billion) for August, according to information provided by the Gaming Inspection and Coordination Bureau. August was the 1...
Government official wants authorities to investigate City of Dreams Manila Casino over employee sacking
The Philippines has encouraged gambling enterprises to set up multi-million dollar casinos in the country as the casino industry was expected to generated significant gaming revenue for the government and also ...
8 or more Macau VIP gaming rooms close in August
According to Macau Business Daily, a minimum of 8 VIP gaming rooms should be closing, either already having done so in August or soon to be in September. The VIP business of Macau is struggling, leaving junket ...
New Jersey casinos put pressure on Governor Christie to approve rescue bills
Atlantic City has witnessed a significant slump in the casino industry and as a result, four out of the twelve casinos in Atlantic City have been forced to shut down in the last 18 months. Once a thriving hub f...
Partner in Macau Ponte 16 posts small loss for first half of 2015
Success Universe Group reported loss of HK$1.9 million ($245,161) for the first half of 2015 in comparison with the same period last year. The company’s share worth noted a fall of 0.04 HK cents compared to ear...
Illinois budget crisis hits lottery winners
The state of Illinois is in the midst of a financial crisis and the government has been operating without a budget since the fiscal year ended on June 30th. Millions of dollars in lottery payouts have ceased wh...
Macau’s crackdown on underground banking activities will hit struggling casino industry
The anti-corruption crackdown launched by Beijing targeting corrupt officials and VIP gamblers in Macau has been successful due to the fact that it has scared away Macau’s VIP gamblers who were not willing to b...
Travellers International seeks 3 millionth member; Resorts World Manila a ‘family destination’
The operator of the Resorts World Manila Casino Resort, Travellers International Hotel Group Inc, said that the company is hoping to expand the gaming base of the resort in the Philippines to 3 million customer...
Last major hold out on Senior Caesar debt signs on
In a statement released Friday by Caesars Entertainment Group, an agreement for restructuring a major operating division within the company that filed bankruptcy six month ago, Caesars Entertainment Operating C...
Rank Group reports profit increase of 19 percent
Rank Group has increased its profit thanks to a rise in sales at both its land based bingo clubs and Internet gaming websites. The company that operates 58 casinos and 90 Mecca bingo clubs announced a pre-tax p...
Cruise ship numbers and profits rise for Genting Hong Kong
Genting Hong Kong Limited, a gaming operator that runs casino cruise ships as well as a casino gaming developer in the Philippines, recorded a net profit rise by 898 percent year-on-year in the first half of 20...
Rankin strengthening Crown’s position in Japan
Rob Rankin, recently named Chairman of Crown Resorts Limited, has been investing significant time in Japan this summer meeting personally with political officials in a strong show of dedication and support. The...
Lower slot machine payouts hurting sales according to game makers
Less betting is reportedly taking place within the United States when it comes to slot betting based on a report by the Association of Gaming Equipment Manufacturers. The report indicates that because operators...